High price for small acreage that is big on lifestyle and luxury
A buyer has paid a record $4.1m — just over $1,000 per square metre — for one of Kenthurst’s most compact lifestyle acreages.
The prestige property at 13 Jones Rd is positioned on 4026 sqm, which is less than a quarter of the size of 2ha estates typically found in the semirural suburb.
It was sold off market to a family keen to secure a home close to one of the local private schools.
RELATED: $150k above reserve for home close to Metro
Rare spot offers a serene backdrop
Agent Scott Rance from Rance Property struck up a conversation with the vendor at another open home who revealed he was looking to sell his Kenthurst home.
Mr Rance knew of a potential purchaser who had been searching in the blue ribbon neighbourhood.
“We got an agency agreement signed and showed the buyer through for 45 minutes and he offered $4m on the spot and then increased it to $4.1m — so we did the deal,” he said.
“I had been working with him for the past few months and his whole criteria was that he wanted a nice property within proximity to the school — this was perfect.”
According to CoreLogic RP Data, it is the highest price ever paid for the traditional one acre block in the suburb. It previously sold for $3.9m in March 2017, which was also a record at the time.
The contemporary style five-bedroom residence, constructed by Hamik Homes, offers both formal and casual living including a billiard room with bar plus a home cinema.
The home also features a gourmet-style kitchen with stainless steel appliances including a freestanding gas cooker and also has a walk-in pantry.
Its outdoor entertainment area includes a swimming pool with spa overlooked by a cabana.
Surrounded by established gardens, the property has a hedged boundary for extra privacy, a chook pen and vegetable patch. It is irrigated from an underground 100,000 litre concrete water tank.
“The buyer had been looking for three or four months, he had gone close to doing something on a few other properties but something didn’t suit and he didn’t want to build — so this just ticked all his boxes,” Mr Rance said.
The property, which is walking distance to the Kenthurst Village Shops, is less than a 20 minute drive to both the newly opened Castle Hill and Rouse Hill metro stations.
The most expensive home in Kenthurst is 57 Annangrove Rd, a 2ha estate, which sold for the unusual price of $6.666666m in March 2017.
SIGN UP TO THE NSW REAL ESTATE NEWSLETTER